CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

You have $1,000 to invest today. In order for your $1,000 investment to grow to $1,480.25 at the end of 10 years, the money must be invested at what interest rate?
A. 4%
B. 3.5%
C. 3%
Explanation: Rate = (1480.25/1000)1/10 - 1 = 4%

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